#比特币价格走势 Seeing Bitcoin repeatedly test around $90,000, I am reminded of the crazy moments at the end of 2017 and in 2021. Looking back now, each arc top pattern tells the same story — the market is at a crossroads of decision-making.

What’s different this time is that the RSI indicator has fallen to an extreme oversold level not seen in nearly three years, with the weekly level only seen once in January 2023. Back then, we thought the world was going to collapse, but what happened? Bitcoin multiplied eightfold in two years. History doesn’t repeat exactly, but the rhyme is often similar.

James Wynn shifted from short to long, closing his $21,000 short profit and turning to a 40x long position. This signal is worth pondering. Not because he’s particularly accurate — his previous short predictions were far off — but because this move itself reflects a reversal in market sentiment. When smart money starts repositioning, it’s usually a sign of a bottom.

The current situation is this: as long as Bitcoin can hold steady above the $87,500–$88,000 support, a pullback to this zone is a good entry point, with targets directly at $90,500 and even $92,000. If it truly breaks through $90,500, then the real resistance lies at $91,600–$92,000. Conversely, if it can’t break this hurdle, shorting might be safer.

But what I want to emphasize is that the most concerning thing now isn’t the price itself, but the exhaustion of profit-taking effects. The Alpha sector and derivatives markets are still struggling, but the secondary market is already showing signs of harvesting. UNI burned 100 million tokens and only gained about 20%, indicating that new capital inflow is insufficient. Altcoins are even worse — dozens of new projects every day, mostly early-stage failures.

Having gone through so many bull and bear cycles, I see clearly that: price rebounds are easy, but trend reversals require time to settle. Currently, the rebound expectations are heating up, but a true bullish trend needs more confirmation. You can participate in this rebound in the short term, but don’t be blinded by the immediate gains. Set your stop-loss properly and keep a calm mindset.

It’s like farming — when the season arrives, seeds will sprout, but what they grow into depends on the rain and sunshine that follow.